Use the information below to answer question Sales....................................N10,900 Stock 1/1................................N1, 000 Stock 31/12..............................N2, 000 Purchases................................N4,...
FINANCIAL
JAMB 2010
Use the information below to answer question Sales....................................N10,900 Stock 1/1................................N1, 000 Stock 31/12..............................N2, 000 Purchases................................N4, 000 Returns outwards.........................N800 Returns inwards..........................N600 Carriage outwards........................N300 Carriage inwards.........................N200 The cost of goods available for sale is?
- A. N4 600
- B. N5 000
- C. N6 400
- D. N4 400
Correct Answer: D. N4 400
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